Black Friday is here! It’s that time of the year again, Dear Readers, when we are assailed with enticing offers to consume more and even more! But as inflation is taking an ever-increasing share of your paychecks, Dear Readers, should you jump on these doorbuster deals knowing that you don’t need half of these new things?
Many of you, Dear Readers, have shared how anxious and depressed you are as the rumblings of an impending recession are getting louder. So, why get deeper into debt? Is there a way to consume more mindfully and focus instead on actively repaying the national average of credit card balance-carrying households of $6,270 that weighs down hard-working Americans?
Welcome to the JMS blog, your hub for actionable crisis management tips to level up your brand.
We are back to answer your branding questions after an unexpected, prolonged hiatus working with executives across the U.S. to assess their strengths/weaknesses and beef up leadership skills. Dear Readers, if it is your first visit, this blog is the brainchild of JMStrategy LLC (JMS), a Philadelphia-based crisis management firm that helps brands in free fall strive again.
In the aftermath of the pandemic, the Great Resignation, and the Quiet Quitting chaos, this blog shares practical insights to enhance your leadership style, team management, and goal-setting skills amid any crisis. Now without further ado, Dear Readers, let’s find out how to get a handle on a better approach to your money management, thanks to a well-thought-out strategy that lays out how to get through Black Friday 2022 without getting into deeper credit card debt.
Black Friday and Cyber Week Deals do not matter in a recession!
Isn’t that the truth, Dear Readers? So why feel pressured to spend what you don’t have? As you know, Dear Readers, money can be a tremendous source of stress unless you know how to budget amid a recession.
Instead, why not set your 2023 financial goals today to ensure that you are not in the same predicament next Thanksgiving?!! Here are four must-haves you should plan for right this minute:
INCOME – Can you increase it by 30%? Yes, Dear Readers, you can! Consider starting a side hustle or plan for a promotion. Research now and determine the steps needed to make this goal happen in the new year!
SAVINGS – It is high time to introduce a short-term (i.e., car breakdown or dental emergency) and long-term (i.e., retirement) monthly plan to prepare for the impending recession we keep hearing about everywhere we go!
You might also like to know How To Start An Emergency Fund immediately.
Start to track your expenses today to afford Black Friday sales next year!
EXPENSES – We all have them! So, why not get into the habit of systematically tracking them now? Is there a better way to understand your spending pattern and quash any impulses that can sabotage any progress and keep you in the poor house? Don’t you want to set up sinking funds so you can pay cash for big-ticket items such as your 2023 family vacation? Isn’t that the dream? Rather than putting yet another expense on the credit card? Let us know in the comment section below if you agree!
Find out how to avoid these Four Budget Myths Keeping You In The Poor House.
DEBT MANAGEMENT – Is it not the time to be serious about reducing it, Dear Readers? Have you seen the tech layoffs so far in Q4? Dear Readers, for peace of mind despite these uncertain economic times, why not commit to reducing your mortgage, credit card, or student debt by a specific amount? There is no better way to reduce stress than to be proactive now for your 2023 debt-reduction endeavors! In conclusion, Dear Readers, this blog wants you to have the most meaningful lives rather than perpetuate habits that, in the end, will leave you empty inside and short on cash!
So, go ahead, and enjoy a second or even third helping of turkey today! Come back next week for a dynamic 2023 PREP series to help you build the habit, mindset, and framework you need to survive the next recession that promises to be long and painful for most of us. This goal-setting series will galvanize you into action like no tomorrow. So, get ready to change your life!
Dear Readers, we want to hear from you! How do you plan on spending your Black Friday? Did we miss anything? Get in touch to let us know how the JMS team can help you get your life back on track and finally find your true purpose!
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